Range Resources

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Range Resources Corp. (NYSE: RRC) of Ft. Worth, TX is the biggest natural gas producer in Pennsylvania, and one of the largest drillers in the U.S. Between 2005 and 2008, counting all drilling and infrastructure costs, its total investment in the Marcellus shale play approached $700 million. It had the distinction of having started the Marcellus shale play when it first drilled a well in southwest Pennsylvania's Washington County. It began producing in 2005. By July, 2009 Range was reporting that its Marcellus investment had exceeded $1 billion. As of April, 2011 its leasehold in the Marcellus shale was reported to be 1.1 million acres. It had drilled 244 horizontal Marcellus wells with roughly 30% of these still awaiting either completion or pipeline hookup.


Latest operating results

During the first quarter of 2011, Range's daily production advanced up to a limit that its current gathering system could support. It's Marcellus production rose from a year-end 200 Mmcf/d to 260 Mmcf/d by the end of the first quarter. In fact, production from 15 new wells tied in during the first quarter averaged initial production of 7.4 Mmcf/d (6.3 net) per well and 452 (384 net) bbl/d of natural gas liquids and condensate. Expressed in terms of natural gas volume, this amounted to a combined 10.1 Mmcf/d (8.6 net) average per well. 16 additional wells were completed and awaiting connection to the gathering system.

By mid-February, Range had also brought five wells online in Lycoming County. These had combined initial production of 45 Mmcf/d (39 net).

The company also planned to bring online an additional 20 wells in Lycoming Co. upon completion of its gathering system in that county.

To address the bottleneck in gathering capability, Range planned to complete the third expansion of its gas processing plant in southwestern Pennsylvania that was to add 200 Mmcf/d of capacity bringing the total available up to 350 Mmcf/d. It was expected to grow to 390 Mmcf/d by the end of the third quarter, 2011.

Range was also actively pursuing marketing agreements to sell its ethane production from the southwestern PA wells.

2008 Development Timeline

As the granddaddy of Marcellus shale drilling, Range invested $426 million in Appalachia during 2008. By April, 2008, it had drilled 12 horizontal wells. Once completed, six of these had produced an average of 5 Mmcf/day. That compares quite favorably with drilling results from the Barnett shale play in North Texas, recognized to date as being the largest natural gas-producing field in the U.S. The Marcellus shale formation is strategically located close to America's gas-consuming east coast cities. The formation's advantageous location translates into very favorable market prices for its gas.

In April, 2008 it was reported that Range had drilled three wells in Lycoming County, Pennsylvania and planned a fourth one there. Range has a field office on Sycamore Road in Montoursville, a suburb of Williamsport in Lycoming County.

To address the squeeze on the gathering system, Range was in the process of making a third expansion to their gas processing facilities in southwestern Pennsylvania. 200 Mmcf/d of processing capability was to be added in May bringing the total available up to 350 Mmcf/d. It was expected to rise to 390 Mmcf/d by the end of the third quarter, 2011. At least 20 wells were expected to tie in by the end of that quarter. The company was also making plans to sell ethane, one of the natural gas liquids.

Expanding Marcellus shale leasehold

By October, 2008 the company was reporting that it had drilled one hundred-thirty wells in the Appalachian Basin. One hundred had been vertical and thirty were horizontal ones. This same report indicated Range had leased drilling rights on 900,000 acres of land in Pennsylvania.

  • 550,000 acres in southwest PA
  • 350,000 in northeast

The company's total Appalachian Basin leasehold is 2.3 million net acres with 1.4 million of it prospective for Marcellus shale drilling. Its acreage is located in southwest Pennsylvania, northeast Pennsylvania and southern New York State.

Northeastern Pennsylvania activities

In September, 2008, Range was reported to be actively drilling in the Susquehanna Basin of Pennsylvania. It paid a fine to the Susquehanna River Basin Commission of $475,000 for failing to comply with water withdrawal limits for wells in the Basin.

According to an October, 2008 report the company had recorded 172 leases during 2008 with the Bradford County Registrar of Deeds. Bradford County is located in northeastern Pennsylvania.

Appalachian fall colors backdrop Range rigPhoto courtesy of Range Resources
Appalachian fall colors backdrop Range rig
Photo courtesy of Range Resources

Southwestern Pennsylvania activities

Also in September, 2008, Range had been actively leasing drilling rights in Greene County located in the southwest corner of Pennsylvania.

Another October, 2008 report indicated that Range was heavily involved in Washington County in southwestern Pennsylvania. In 2003, it had drilled a test well in the County's 2,700-acre Cross Creek Park that had been successful. By 2008, three gas wells in the park were producing 30 Mmcf/d.

In November, 2008, Range was reported drilling on the John Dunn farm near Houston, Pennsylvania in Washington County. Two gas processing plants were under construction on State Route 519, three miles north of Houston. These plants are discussed below.

2009 Development Timeline

A few miles to the northwest of Houston, PA in rural Mt. Pleasant Township, it was reported in March, 2009 that Range had drilled 68 wells. For example, Range had drilled on the 133 acre Joyce Mitchell farm in nearby Hickory, PA. In July, 2009, a company spokesman noted that Range had been responsible for making five millionaires--presumably royalty owners--in Mr. Pleasant.

Range was also evaluating a test well in Jefferson County, Ohio located roughly forty miles west of Pittsburgh, PA.

In March, 2009 Range conducted seismic testing in collaboration with Conquest Seismic Services to the north of Pittsburgh in Beaver County, Pennsylvania. According to the report filed, Conquest had wired 13 miles of state road west of the Beaver Valley Expressway with acoustic sensors.

Outstanding drilling results

Also in March, 2009 Range reported several Marcellus shale operating highlights which included:

  • One well with a flow rate to sales of 10.3 Mmcfe/d.
  • Four out of the last eleven wells drilled had initial flow rates in excess of 9.9 Mmcfe/d.
  • The best well had an initial rate of 24.5 Mmcfe/d.
  • Two vertical wells in the northeastern section of the Marcellus play with initial flow rates of 2.3 Mmcfe/d and 6.3 Mmcfe/d. The latter was the highest initial rate ever recorded for a vertical Marcellus well.
  • Since October, 2008 13 new wells had been brought online to the gas processing facility. These wells averaged 6.9 Mmcfe/d.
  • 14 wells had been completed--seven were horizontal and already fraced. All 14 were awaiting hook-up to the gas processing facility.
  • Range had planned to drill 60 new Marcellus wells during 2009. (see July, 2009 update below).

Washington County gas processing infrastructure

Mark West Energy built and maintains a gas gathering system as well as compression facilities for Range's Marcellus production. This infrastructure also includes refrigeration and cryogenic processing plants. One of these plants is located in Chartiers Township in Washington County. On the outskirts of Hickory, located about 15 miles north of Chartiers, there is a three-acre reservoir for drilling water, a gas compressor station, and a liquid extraction plant. As of April, 2009 Range's Washington County wells were starting to come on stream with these plants which had capacity to process 60 Mmcf/d. The company continued to expand its processing capability in Washington County and expected to produce 200 Mmcf/d by year-end 2009 or early 2010.

By year-end 2009, gross cryogenic gas processing capacity had risen to 155 Mmcf/d in the high BTU portion of the play. An additional 30 Mmcf/d was planned to be added by mid-year 2010. In the dry gas portion of the play, Range had in place 160 Mmcf/d of pipeline tap capacity and 20 Mmcf/d of compression capacity. Additional compression capacity was to be added as needed.

Crawler rigs

In an operational update provided in April, 2009 the company mentioned that it was in the process of acquiring six new custom-designed Marcellus shale drilling rigs. Two had already been delivered and were in use. These rigs have crawlers that can traverse a drilling pad in a few hours compared to several days taken by older rigs. Range typically drills several laterals on a single pad, so these new rigs are much for efficient.

In a separate April, 2009 report it was mentioned that Range will be introducing the so-called Drake Rig built by National Oilwell Varco for Marcellus shale drilling in Pennsylvania. It was not clear from the report whether these are the same new rigs referred to in the above paragraph.

It was mentioned in yet another April update that Range had two new horizontal Marcellus wells. The first had an initial flow rate of 7.9 Mmcfe/d and the second had initial flow of 10.7 Mmcfe/d.

Bradford County plans

An April, 2009 update from the company indicated that Range had 40,000 acres under lease in Bradford County, but had not yet started drilling there. Instead, it was focusing on developing its leases in southwestern Pennsylvania where it had better pipeline infrastructure. A company rep expressed doubt that drilling would begin in Bradford Co. during 2009, but said it eventually would once the company had built up its pipeline infrastructure in this area. A subsequent report indicated that Range planned to begin a drilling program in 2010 with three rigs operating in both Bradford and Lycoming Counties. This drilling was to supersede Ranges's existing vertical drilling program in northeastern PA.

Cross Creek Park contamination issues

Cross Creek Park again appeared in the news in June, 2009 when the Pennsylvania Department of Environmental Protection (DEP) was considering a possible enforcement action against Range over apparent toxic drainage from a leaky coupling on a six inch waste water pipe that ran from a recently drilled well to an impoundment area. Reportedly, there had been a fish, salamander, crayfish and aquatic insect kill in about three-quarters of a mile of stream leading into Cross Creek Lake. DEP was taking water samples both above and below the point where drainage from the leaky coupling entered the stream in order to be analyzed as one aspect of their investigation. A company spokesperson indicated a vandal may have been to blame for the problem.

Cecil Township office facility

According to a July, 2009 report, Range had first opened an office with only one employee in January, 2007 in Washington County's Cecil Township. By the summer of 2009, the office had grown to 130 people. It is located about four miles north of Cannonsburg, PA.

Range's Appalachian Division Headquarters is located in Southpointe Office Park in Cecil, Washington County, Pennsylvania.

Leasing in Pittsburgh's suburbs

Range Resources' well in suburban area being flaredafter hydro-fracturing. Photo credit -www.marcellus-shale.us
Range Resources' well in suburban area being flared
after hydro-fracturing. Photo credit -www.marcellus-shale.us

In the late spring of 2009 reports began circulating that Range had been actively leasing in the western suburban areas of Greater Pittsburgh. This came to light in August, 2009 when Allegheny County's Collier Township Commissioners had voted to advertise an ordinance restricting drilling to only three areas:

  • The Campbell's Run corridor
  • The hollow by Lane Block in Fort Pitt
  • The industrial district on Meyer St. in Kirwn Heights

This ordinance had not passed, but rather was referred back to the township planning commission for additional review. An earlier report from May, 2009 noted that courts had been ruling against ordinances to restrict drilling such as happened in Salem Township in Westmoreland County. Blaine Township in Washington County had also been involved in a federal lawsuit brought by a gas company for passing an ordinance that attempted to regulate drillers. The Pennsylvania Department of Environmental Protection has generally been held as the agency to be in charge of permitting gas wells and monitoring drilling.

Forecasted EUR

In July 2009 the company had forecasted its overall average yield, that is, the average estimated ultimate recovery (“EUR”) to be 4.4 Bcf of natural gas (gross) over the lifetime of each Marcellus shale well. This was based upon 2.5 years of drilling experience in the southwestern part of the play.

In order to generate even greater well productivity, during the fourth quarter, 2009, Range had been experimenting with longer laterals ranging up to 5,000 feet in length instead of shorter ones used previously between 2,200 and 2,800 feet. In addition, it was using a greater number of frac stages than earlier with anywhere from 9 to 17 stages. (Note: See 2010 Timeline for impact on EUR.)

Drilling test well in Beaver County

In late November, Range came to notice when its drilling subcontractor, Patterson, set up a 168 foot rig off Hartzel School Road in Beaver County's Marion Township in southwestern Pennsylvania. This was Range's first well in Beaver Co., and it appeared to be a test one. Drilling on it was planned to conclude sometime in January, 2010. The well was not specifically identified as targeting the Marcellus shale, yet it was noted that it was to be horizontal and fraced--these facts are quite consistent with drilling a Marcellus shale well.

Drilling results in Lycoming County

During the fourth quarter of 2009, the company had finished drilling its first two Lycoming County horizontal Marcellus shale wells in the northeast portion of the play. These were offsetting two very productive vertical wells. The first of these wells had initial 7-day average production of 13.3 Mmcfe/d. The second one yielded 13.6 Mmcfe/d. Both wells had been shut-in and were awaiting pipeline hook-up in late 2010 or early 2011.

Drilling in the Utica shale

Also during the fourth quarter, Range had finished drilling a Utica shale well and an Upper Devonian one. The Utica well had been completed and was in the process of being tested. The Devonian one still awaited completion. Update: By April, 2010 the company was reporting that it was continuing its evaluation, results from both wells were "encouraging," and both were awaiting pipeline hookup.

Huron shale in Virginia

Range has also been actively drilling in the Huron shale formation in Virginia. It had recently drilled four horizontal wells in Virginia's Nora Field. As of April, 2009, It had a total of eight producing horizontal wells in the play with average production of 1.1 Mmcf/d. The company planned to drill 20 horizontal Huron shale wells in the Nora field. Range owns a 50% working interest there. It had been drilling a combination of coal-bed methane and tight gas wells in this field. According to its July, 2009 update, the company had drilled three more horizontal Huron shale wells during the second quarter of 2009.

In April, 2009 Range announced its best Huron well ever which had averaged 3.0 Mmcf/d for the previous 30 days.

By October, 2009 the company stated in an update that during the third quarter of 2009, it had drilled 5 more horizontal Huron shale wells in the Nora field. It also drilled three other horizontals in the Big Lime and Berea zones there. So far during the year 15 horizontal wells had been drilled in all three zones and 10 of these were on production and meeting expectations.

The fourth quarter of 2009 saw another 4 Huron shale wells drilled and 1 Big Lime one. 19 wells had been completed in these target zones during 2009, and all were performing up to the company's expectations.

Year-end 2009 results

An October, 2009 company update indicated that Range had drilled 77 horizontal Marcellus shale wells so far during 2009. 60 of these had been completed and 54 were on production. The company planned to drill and case 20 additional Marcellus wells before year-end 2009. Approximately 20 wells were to be carried over into 2010 for completion. A few months later in February, 2010, the company reported that it had actually drilled 31 horizontal wells during the fourth quarter of 2009. 26 of these remained to be completed, and of the 5 completed ones, all still awaited a pipeline hookup.

2010 Development Timeline

In the aforementioned October, 2009 report, Range stated that its Marcellus production had increased to 80 Mmcfe/d. At the time, the company was expecting this number to be at the high end of a planned range of 80 to 100 Mmcfe/d by the end of the year. However, by February, 2010 the company was reporting actual production to have swollen to approximately 115 Mmcfe/d. In April, 2010, Range announced that it expected to reach 180 to 200 Mmcfe/d by year-end. Update: This was later amended to 200 to 210 Mmcfe/d of production to exit 2010.

According to the February, 2010 update above, the company planned to drill 150 horizontal wells during 2010. It had fielded 13 rigs in its Marcellus division. By year-end the horizontal rig count was planned to grow to 16. Several of these rigs were of the custom-built variety.

By April, 2010 Range was reporting that it had drilled 120 horizontal Marcellus wells, 31 were awaiting completion, and 8 still needed to be hooked up.

According to a late October, 2010 update, during the third quarter Range's Marcellus Division had produced 191 Mmcfe/d up from 160 Mmcfe/d at the end of the second quarter. It expected to finish the year with production between 200 and 210 Mmcfe/d.

Northeast pipeline and compression facilities project

In April, 2010 the company announced that it had entered into an agreement with a third party in Lycoming Co., PA to build a dry gas pipeline and compression facility in several stages. The first stage was to be completed and online by the end of 2010.

Bradford County joint venture with Talisman Energy

Range stated that it had combined 14,000 net acres with acreage owned by Talisman Energy in a Bradford Co., PA joint venture (JV). Range was to own a 33% working interest in the combined leasehold of the JV. Talisman was to be well operator. Range's 2010 expenditures for the JV were expected to be $25 million.

Impact of longer laterals and more stages to completions

Based on 3 years experience the company announced in April, 2010 that it was increasing its EUR for a Marcellus well in the southwestern Pennsylvania portion of the play by .6 Bcf to 5.0 Bcf. This assumed an average of a 3,056 foot lateral and 10 stage completion. The EURs for all of Range's high-graded acreage were also to be increased up from 3 to 4 Bcf to 4 to 5 Bcf. These increases were attributed to the utilization of longer laterals and more frac stages resulting in improved economics, higher initial production (IP) rates, and higher overall EURs. These results mirror similar findings in other shale plays.

The cost of drilling and completing these wells was estimated to be around $3.5 million each. Range stated that after deducting an average royalty paid to the landowner of 15%, the company's net exploration and development costs ran less than $1.00 per mcfe.

Westmoreland County Plans

In May, 2010 a news item appeared regarding plans Range had for drilling in Westmoreland Co., east of Pittsburgh, PA, near the intersection of Logans Ferry Road and Route 380 north of the borough of Murrysville and east of Boyce Park.

Allegheny County Plans

A news item appeared in July, 2010 regarding plans Range had to drill with parter, Huntley & Huntley, along Yutes Run Road in Allegheny County's Frazer Township northeast of Pittsburgh, PA. Pittsburgh Mills shopping center complex is also located in Frazer Twp.

The two companies planned to drill a 3,000 to 4,000 foot lateral from an existing vertical well at a depth of 7,000 feet.

Range was said to be seeking other sites in the Frazer area to drill.

An early January, 2011 news item mentioned that a Range well on a bluff off Yutes Run Road, overlooking Pittsburgh Mills mall in Frazer, was being flared and could be seen for miles.

Meanwhile, on the opposite side of Pittsburgh, in the western suburb of North Fayette Twp., Range was in the process of leasing 164 acres of land from the Township supervisors for a horizontal well. Terms on the 5 year lease were $3,000/acre with a 17.5% royalty with the option to renew for an additional 3 years. Any well drilled there was to extend under the county's property. The vertical portion was to be on one of the surrounding property owner's parcels--also under lease to Range.

An August, 2010 news account mentioned that Range held 88 leases in Allegheny County covering 917 acres.

Drilling for NGLs and southwest PA infrastructure build-out

Range had been focusing on the natural gas liquids (NGLs)-rich portion of the play in southwestern Pennsylvania with 29% of production coming from NGLs and condensate. During the third quarter 18 horizontal wells had been brought online and 23 were still drilling and expected to be complete by the end of 2010. All were in the same liquids-rich southwest corner of Pennsylvania. Those wells brought online averaged 8.5 Mmcfe/d although the company stated that production was less than full capacity and constrained. Range was expecting the estimated ultimate recovery (EURs) from these 18 wells to average 5.0 Bcfe per well.

Range continued the build-out of its infrastructure both in the southwestern portions of the play where the emphasis was on wet gas processing and in the northeast portion where the focus was on construction of gathering lines:

                         Southwest                           Northeast
                         (Mmcfe/d)                           (Mmcfe/d)
  Wet gas processing
     2010 (existing)        185                                 n.a.
                             40   (interruptable)
     2011 (1st half)       +165  
     2011 (2nd half)       + 40
  Dry gas
     2010 (existing)         25
     2010 (added)          + 65
  Lycoming Co. Gathering
     2010 (added)                                              + 150
     2011    "                                                 + 200

Midyear 2010 results

As of July, 2010, its Marcellus production had been 160 Mmcfe/d.

The company also announced in July, 2010 that it was upping its capital budget by $65 million to drill an additional 18 wells in the southwestern portion of the Marcellus play. 15 of these were planned to be completed by year-end 2010. It also had increased its planned production by the end of 2010 from 180 to 200 Mmcfe/d up to 200 to 210 Mmcfe/d. It was now forecasting that it would exit 2011 with 400 to 420 Mmcfe/d in net production.

Other formations

The company expected to drill one Utica shale test well in the first quarter of 2011.

Also, based upon encouraging results the previous year with a test well, Range planned to drill two more Upper Devonian test wells in 2010. The positive results from the aforementioned Upper Devonian pilot well had been a seven day average of 5.1 Mmcfe/d. Additional wells of this type were planned for 2011.

Virginia land acquisition from Chesapeake

In June, 2010 Range had acquired 115,000 net acres from Chesapeake Energy adjacent to its existing Nora/Haysi properties in Virgina for $135 million. This land was already producing 10 Mmcfe/d and the acquisition included 30 miles of gas transmission lines. The new acreage along with the already-owned Nora/Haysi property gave Range a combined 350,000 acre leasehold in stacked plays prospective for coal-bed methane (CBM), tight gas sand, and Huron shale.

During the second quarter of 2010, the company had drilled one horizontal Huron shale well in the Nora field as well as a number of CBM and tight gas sand wells.

By February, 2011, the company was reporting that its Appalachian Division had drilled 51 (26 net) coal-bed methane (CBM), tight gas sand, and Huron shale wells in Virginia during the prior year. With an average of four rigs operating, the well break down as follows:

  • 11 (6 net) vertical wells in tight gas sand
  • 26 (12 net) CBM.
  • 8 (3 net) horizontal wells in the Nora field.

On the above mentioned acreage acquired from Chesapeake, now dubbed the Nora extension property, Range had drilled 5 net tight gas sands wells and one horizontal Huron shale well. The latter was a significant step-out well that tested at 2.6 Mmcf/d, a flow rate well above the average production for Nora wells. The company had also had good results from recompleting a handful of wells on the Nora extension and planned to recomplete up to 30 wells during 2011.

Year-end 2010 results

By mid-December, 2010, Range announced that for the first two weeks of the month Marcellus shale production had reached an average of 212 Mmcfe/d which slightly exceeded its previously announced production target for the year-end. For the entire month of December, production averaged in excess of 200 Mmcfe/d. This represented more than a doubling of production since the beginning of 2010. 71% of production had been from natural gas and 29% was NGLs.

During the fourth quarter of 2010, Range had brought 11 horizontal wells online in southwestern Pennsylvania, and 9 of these had been located in the wet gas region of the play. All of these 11 wells were expected to exceed the company's previously estimated EUR per well in southwestern Pennsylvania of 5 Bcfe.

At the close of 2010. Range had 52 horizontal wells awaiting completion and an additional 15 that were completed, yet still had not been connected to a pipeline.

Range had been focusing on producing from wells in the wet gas portion of the play. It had brought online 3 wells that had a collective production of 26.1 Mmcf/d (22 net) and 1,373 bbl (1,167 net) of NGLs and condensate per day (or, expressed entirely in gas volume, that amounts to a net of 29 Mmcfe/d). Some dry gas production had even been temporarily curtailed to focus on wet gas.

The company fielded 290 people in its Marcellus shale operating group as of the end of 2010.

2011 Development Timeline

By February, 2011 the pace of bringing new wells online had accelerated to the point of bringing an additional 70 Mmcfe/d net of new production online in the third week of February alone. Production climbed to 260 Mmcfe/d, combining the flow of natural gas from both the southwest and northeast portions of Range's Marcellus area of operations. The company projected year-end 2011 production to again double to 400 Mmcfe/d.

Utica shale activity

In January, 2011 a news item mentioned a permit granted to Range in southern Beaver County, PA for a well targeting the Utica shale. The well was to be located on the John R. McCoy farm off St. Route 151 between Crooks School and Bassett Roads, in Hanover Township. It was planned to have a total depth of 9,730 feet. This well came to notice as it was being deliberated by the Ambridge Council. There was some concern about possible contamination from the drilling of nearby Service Creek Reservoir. The Ambridge Water Authority controls 1,900 acres in the area including the 420 acre reservoir.

In February, 2011 the company stated that its first Utica shale completion had resulted in production of 4.4 Mmcf/d.

A significant step-out well

Also, in February, 2011 Range announced completion of a significant step-out well on the southwest portion of its Marcellus acreage that on a five-day test had produced 18.6 Mmcfe/d.

Lycoming Co. gathering system comes online

The first phase of its northeast pipeline and compression facilities project, aka the Lycoming County gathering system came online in mid-February, 2011. With that, production began in earnest from Range's northeastern Pennsylvania acreage. In February, 2011, northeastern Pennsylvania production had been 45 Mmcf/d (39 Mmcf/d net) with 5 wells producing an average of 9 Mmcf/d (7.9 Mmcf/d net). Range expected to bring an additional 20 wells online in Lycoming Co. by the end of the third quarter, 2011.

Barnett shale assets sold

At the end of February, 2011 Range announced that it had sold substantially all of its Barnett shale properties including 52,000 acres and 390 wells producing 113 Mmcf/d to a private company for 900 $million cash. The company planned to redeploy this capital into developing its Marcellus shale holdings.

Spotlighted Issues

  • Range has had tremendous production results from its southwestern Pennsylvania Marcellus leasehold. With three rigs operating in the region, 2011 should begin to demonstrate exactly how productive this company can be in the northeastern Pennsylvania Counties of Bradford and Lycoming.
  • The company endeavored to build up its pipeline and processing capability in southwestern Pennsylvania in partnership with MarkWest, and that appears to be coming together on schedule.
  • Range, by experimenting with longer laterals and more frac stages, was enjoying positive learning curve economics as it gained increasing experience in the play. These improvements in technique were leading to higher initial production (IP) and expected ultimate recovery (EUR) per well.

Executive Contacts

  • John H. Pinkerton is Chairman and CEO of Range Resources.
  • Jeffrey L. Ventura is President and COO.
  • Rodney Waller is Senior Vice President of Appalachia Shale.
  • Chad Stephens is a Senior Vice President.
  • William Zagorski is Vice President of Geology and one of the earliest proponents of Marcellus shale drilling.
  • Ray N. Walker, Jr. is Vice President of Appalachia Shale.
  • K. Scott Roy is Vice President of Government and Regulatory Affairs.
  • Joseph Frantz Jr. is Vice President of Engineering for Marcellus Shale Operations.
  • Carl J. Carlson is Director of Government Affairs.
  • Matt Pitzarella is Director of Public Affairs.
  • Tony Gaudlip is Director of Strategic Planning and Development.
  • Chuck Moyer is Geology Manager.
  • Pete Miller is Manager Water Resources.
  • Dave Schieck is a geophysicist with the company.
  • Mike Forgione is Senior Engineer, Appalachian Basin Office.
  • David Amend, is Investor Relations Manager.
  • Karen Giles is Manager of Corporate Communications.
  • Steve Rupert, Ralph Tijerina and Carl Carlson are Pittsburgh area spokesmen for Range.
  • Jim Cannon is a Range Public Relations Specialist and spokesman.
  • Mike Mackin is a Range spokesman.
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